Precios de referencia

Platts NNE Brazil Anhydrous Ethanol Price Assessment

  • What is NNE Brazil anhydrous ethanol?
  • How do we assess NNE Brazil anhydrous ethanol?
  • Weekly Assessment Commentary
  • Weekly Assessment Rationale
  • Market price heards

What is NNE Brazil anhydrous ethanol?

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Platts NNE Brazil anhydrous ethanol assessment the weekly price benchmark for physical ethanol delivered into Suape, Pernambuco, in northern Brazil.

The assessment reflects anhydrous ethanol Delivered at Place in Suape and takes into consideration ethanol produced regionally, imported from the Center-South region as well as volumes delivered from international locations.

How do we assess NNE Brazil anhydrous ethanol?

The NNE Brazil Anhydrous assessment reflects the weekly tradeable value of a spot anhydrous ethanol at Suape 1-15 days forward from the date of publication, based on trades, bids, offers and indications of tradeable value reported to S&P Global Platts pricing specialists.

Platts editors engage directly with producers, consumers, traders, brokers, and shippers to gather price information. Platts publishes this information and uses it to assess values. The information gathered through market surveys is considered in the final assessment.

These inputs are published throughout the day, in real-time, in the form of "market heards", to allow Platts to test the information, which forms the basis of the assessment and for market participants to give feedback on those inputs.

The assessment reflects a minimum volume 250,000 liters, or 250 m3, maximum volume 1,000,000 liters, or 1,000 m3. Other volumes may also be considered but in relation to the assessed volume range. Platts considers standard payment terms, such as payment within 10 days of delivery.

Weekly Assessment Commentary

  • Lacking regional supply supports price rise
  • Arbitrage to transfer anhydrous from CS to NNE kept closed


The Brazilian North-Northeast anhydrous ethanol spot price rose in the week ended April 16 to the highest level since March 19, tracking an upward price movement observed in the Center-South Brazil, the currently main potential supplier of the NNE ethanol demand.


Market concerns of about a possible drop in the CS ethanol production and the flexibility of the social isolation measures in Sao Paulo state were the main fundamental reasons triggering the ethanol price increase in the whole country.

Ethanol availability in the NNE is thin, as the regional production reached an end by late March and imports are coming just from Paraguay, which usually exports a maximum of 13,000 cu m per month.

A single regional seller was seen in the spot market and on April 16 was offering anhydrous ex-mill Pernambuco at Real 3,150/cu m. Platts considers a freight of Real 40/cu m from Pernambuco mill to Suape hub.

Two companies, which were offering anhydrous at Real 3,100/cu m and Real 3,150/cu m on April 15, favored to leave the market on April 16 in the expectation of a further price increase by April 19.

The arbitrage to transfer anhydrous from CS remained closed at nearly Real 400/cu m, encouraging buyers to look for regional supply options.

According to Platts calculations, anhydrous ethanol imported from US, including the 20% import tariff, could land in Suape at Real 4,891/cu m or Real 1,741/cu m higher than Platts DAP Suape assessment.

For non-tariff product, anhydrous ethanol from US could land in Suape at Real 4,088/cu m, still above the Platts NNE Brazil ethanol assessment, capping any economic motivations for importers to bring anhydrous from US to Brazil.

Weekly Assessment Rationale

DAP Suape anhydrous ethanol for one to15 days forward from date of publication was assessed at Real 3,150/cu m on April 16, up Real 280/cu m on the week.


The assessment considered the last CIF Suape trade of 250 cu m heard on April 16. A single offer was heard after the trade at Real 3,150/cu m ex-mill Pernambuco, which has a freight rate of Real 40/cu m to Suape hub. There were no bids heard in the market.

This rationale applies to symbol(s) <AAXFW04>

Market price heards

16 abr. 2021 — Anhydrous: Traded (250 cu m), Real 3,150/cu m, CIF Suape

16 abr. 2021 — Anhydrous: Offer, Real 3,150/cu m, ex-mill Pernambuco

15 abr. 2021 — Anhydrous: Traded (1,000 cu m), Real 3,120/cu m, CIF Suape

14 abr. 2021 — Freight: Pernambuco mill to Suape: Real 40/cu m

14 abr. 2021 — Anhydrous: Traded (300 cu m): Real 3,050/cu m: ex-mill Pernambuco: 1-15 days forward

14 abr. 2021 — Anhydrous: Traded "Tue" (500 cu m), Real 3,050/cu m, ex-mill Alagoas

14 abr. 2021 — Freight: Alagoas mill to Suape, Real 70/cu m

14 abr. 2021 — Anhydrous: Offer, Real 3,100/cu m, CIF Suape

14 abr. 2021 — Anhydrous: Traded (200 cu m), Real 3,050/cu m, ex-mill Alagoas

14 abr. 2021 — Anhydrous: Traded "Tue" (2,000 cu m), Real 3,100/cu m, CIF Suape

14 abr. 2021 — Anhydrous: Traded (600 cu m), Real 3,000/cu m, ex-mill Alagoas

14 abr. 2021 — Anhydrous: Traded (2,000 cu m), Real 3,100/cu m, CIF Suape


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